Bigul (Bonanza)SEBI INZ000212137
- Account opening
- ₹0
- Demat AMC
- ₹0 year 1, then ₹250/yr + GST
- SME IPOs
- Not stated
- Delivery brokerage
- ₹18/order
- Cost to sell ₹15,000 of IPO shares
- ₹35.40Brokerage and DP with GST, ours
IIFL CapitalSEBI INZ000164132
- Account opening
- ₹0
- Demat AMC
- ₹0 year 1, then ₹250/yr + GST
- SME IPOs
- Not stated
- Delivery brokerage
- 0.25%
- Cost to sell ₹15,000 of IPO shares
- ₹73.75Brokerage and DP with GST, ours
Where Bigul (Bonanza) and IIFL Capital differ
5 of the 7 charges we compare differ for an IPO investor.
| Cost to sell IPO shares (ours) | Bigul (Bonanza) | IIFL Capital |
|---|---|---|
| One mainboard lot, ₹15,000₹38.35 less at Bigul (Bonanza) | ₹35.40 | ₹73.75 |
| Two SME lots, ₹2,50,000₹731.60 less at Bigul (Bonanza) | ₹35.40 | ₹767.00 |
| A year: 12 mainboard lots sold₹460.20 less at Bigul (Bonanza) | ₹424.80 | ₹885.00 |
Ours: brokerage and DP charge with 18% GST. STT and exchange charges are equal everywhere, so they are left out. SME bids are two lots.
- Demat maintenance (AMC): Free in the first year, then ₹250 a year plus GST at Bigul (Bonanza), ₹0 in the first year, then ₹250 plus GST a year at IIFL Capital.
- Equity delivery brokerage: ₹18 per order at Bigul (Bonanza), 0.25% at IIFL Capital.
- DP charge on selling shares: ₹14.16 per scrip including depository charges and GST at Bigul (Bonanza), ₹25 plus GST per scrip at IIFL Capital.
- Mainboard IPOs: not stated at Bigul (Bonanza), Yes at IIFL Capital.
The same at both: account opening and SME IPOs.
Bigul (Bonanza) vs IIFL Capital: charges side by side
Differs 5 of 7 charges differ between Bigul (Bonanza) and IIFL Capital. Same charges are greyed. ₹0 free Not stated not on the broker's pages
| Charge | Bigul (Bonanza) | IIFL Capital |
|---|---|---|
| Open an account | ||
| Account opening | ₹0 | ₹0 |
| Demat maintenance (AMC) | Free in the first year, then ₹250 a year plus GST; basic services demat accounts: ₹0 up to ₹4 lakh | ₹0 in the first year, then ₹250 plus GST a year |
| Apply for IPOs | ||
| Mainboard IPOs | Not stated on the pages we checked | Yes |
| SME IPOs | Not stated on the pages we checked | Not stated on the pages we checked |
| Sell your IPO shares | ||
| Equity delivery brokerage | ₹18 per order | 0.25% |
| DP charge on selling shares | ₹14.16 per scrip including depository charges and GST | ₹25 plus GST per scrip |
| Registration | ||
| SEBI registration | INZ000212137 | INZ000164132 |
For other trading, equity intraday, Futures and Call and trade differ too. Intraday, futures, call and trade and margin charges are on the Bigul (Bonanza) and IIFL Capital pages.
Bigul (Bonanza) and IIFL Capital strengths and things worth checking
Bigul (Bonanza)
Strengths
- Flat ₹18
- DP charge with GST shown
Worth checking
- Pledge charge
₹118 per ISIN per request.
- IPO access not stated
The pricing page does not mention IPOs.
IIFL Capital
Strengths
- Full-service support
- Lower AMC
Worth checking
- Percentage brokerage on delivery
0.25% with no cap: ₹37.50 on a ₹15,000 sale.
- DP charge
₹25 plus GST per sale.
- System square-off
₹100 per order.
Brokerage calculator: Bigul (Bonanza) vs IIFL Capital
| Charge | Bigul (Bonanza) | IIFL Capital |
|---|
Ours, with NSE rates. Change the trade to see what Bigul (Bonanza) and IIFL Capital would each charge.
Other comparisons
Every comparison with Bigul (Bonanza) or IIFL Capital, or pick any two brokers.
Frequently asked questions
Which is cheaper for selling IPO shares, Bigul (Bonanza) or IIFL Capital?
Selling one mainboard lot of IPO shares (₹15,000) costs ₹35.40 in broker charges at Bigul (Bonanza) and ₹73.75 at IIFL Capital (our calculation). For two SME lots worth ₹2,50,000: Bigul (Bonanza) ₹35.40, IIFL Capital ₹767.00 (our calculation, brokerage and DP charge with GST).
How much would the difference between Bigul (Bonanza) and IIFL Capital be over a year?
If you sell 12 mainboard lots of ₹15,000 in a year, Bigul (Bonanza) costs ₹460.20 less in broker charges (our calculation). Add the yearly AMC: Bigul (Bonanza): Free in the first year, then ₹250 a year plus GST; IIFL Capital: ₹0 in the first year, then ₹250 plus GST a year.
Can I apply for SME IPOs on Bigul (Bonanza) and IIFL Capital?
Neither says clearly on its pages that SME IPOs can be applied for.
What is the demat AMC at Bigul (Bonanza) and IIFL Capital?
Bigul (Bonanza): Free in the first year, then ₹250 a year plus GST. IIFL Capital: ₹0 in the first year, then ₹250 plus GST a year.
What brokerage do Bigul (Bonanza) and IIFL Capital charge when I sell IPO shares?
Selling allotted shares is a delivery trade. On a ₹15,000 sale the brokerage with GST is ₹21.24 at Bigul (Bonanza) and ₹44.25 at IIFL Capital (our calculation from their published rates).